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How will your assets be distributed?

Estate planning is a vital process that involves preparing for the transfer of a person’s assets and responsibilities after their death. While the fundamental principles of estate planning are widely recognised, the specific laws and practices can vary significantly between different countries and cultures.  This makes it crucial for us to not only understand the universal components of an estate plan but also to seek local legal advice to align our plans with the specific legal […]

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Financial planning mistakes to avoid

Financial planning is a lot like setting out on a journey—it requires foresight, preparation, and smart decision-making. However, amidst the hustle of daily life, it’s easy to veer off track. Here are some common financial pitfalls and how to steer clear of them: Firstly, not having clear financial goals is like driving without a destination. You might enjoy the ride for a while, but soon you’ll find yourself lost, wasting time and resources. Setting precise, actionable […]

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Retirement and your healthcare needs

When most people think about retirement planning, they focus on saving enough money to maintain their lifestyle and pursue their dreams. However, there’s one critical expense that often gets overlooked: healthcare costs. As the writer and philosopher Ralph Waldo Emerson once said, “The first wealth is health.” With proper planning for medical expenses, your later years could be protected from financial stress. Healthcare systems and costs can vary greatly from country to country, but one thing […]

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Maximising your money with tax optimisation

Paying taxes is an inevitable part of life, but that doesn’t mean we can’t be smart about it. By understanding our country’s tax system and employing savvy optimisation strategies, we can keep more of your hard-earned money in your pocket. As the famous quote goes, “The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” While tax systems vary from country to country, many nations use a progressive tax […]

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The power of goal-setting

When it comes to financial planning, setting clear and well-defined goals is a crucial first step. Without a destination in mind, it’s easy to get lost or sidetracked on the path to financial success. That’s where the power of goal-setting comes in. One popular framework for setting effective goals is the SMART criteria. SMART is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-bound. You’ve probably heard it before, but let’s break down each […]

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Sometimes, the best action is inaction

Many investors are drawn to the fast-paced world of buying low and selling high, chasing the thrill of timing the market for quick profits. Yet, there exists a timeless strategy far removed from the frenetic quest for immediate gains: embracing the power of staying invested over the long term. This approach, preferring ‘time in the markets’ rather than ‘timing the markets,’ encourages patience and a steady hand over speculative bets. The challenge with market timing is […]

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The Solomon Paradox

Imagine possessing wisdom so profound that it becomes legendary, guiding nations and solving the most intricate disputes, yet finding oneself ensnared in personal quandaries with no clear path forward. This is the story of Biblical King Solomon, a figure whose life embodied what we know today as the Solomon Paradox—the intriguing disparity between offering wisdom to others and applying it to one’s own life. The very wisdom that made Solomon a figure of legend seemed to […]

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Two lessons for investors

In the journey of personal finance, where the currents of market trends and economic forecasts constantly shift beneath our feet, two principles stand as beacons to guide us through. These aren’t just strategies but rather philosophies that are time-tested and time-honoured. Principle #1: Steering Beyond Economic Forecasts Trying to forecast what’s going to happen in our economy can be similar (although less accurate) to weather predictions for sailors; it’s useful, but often fraught with uncertainty. They […]

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Safeguarding your family wealth with a trust

In the intricate realm of financial planning, trusts emerge as a beacon of strategic estate management, offering a tailored approach to safeguarding family wealth and assets. Far from being a mere financial instrument, trusts embody the art of foreseeing and shaping one’s financial legacy, transcending mere wealth accumulation to ensure the preservation and seamless transfer of assets across generations. This adaptability and foresight make trusts a cornerstone of sophisticated estate planning globally, albeit with nuances tailored […]

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Balancing our need for control

At the heart of financial planning lies a universal truth: we plan to gain control over the unforeseen and to navigate life’s uncertainties with confidence. As Lyall Watson, the renowned biologist and writer, insightfully observed, “We survive by controlling our environment. And control is made possible by information.” This principle, deeply rooted in our survival instinct, finds profound relevance in the realm of personal finance and wealth management. It’s about harnessing the power of information to […]

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